17,822 Shares in Valvoline (NYSE:VVV) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in shares of Valvoline (NYSE:VVV) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 17,822 shares of the basic materials company’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank boosted its position in shares of Valvoline by 1,004.9% in the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 814 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Valvoline during the first quarter valued at $35,000. American National Bank & Trust bought a new stake in Valvoline in the first quarter worth $40,000. Versant Capital Management Inc grew its stake in shares of Valvoline by 221.8% in the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 814 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Valvoline during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Valvoline Stock Down 1.6%

NYSE VVV opened at $37.40 on Wednesday. Valvoline has a 12 month low of $31.02 and a 12 month high of $48.27. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 4.23. The stock has a market cap of $4.75 billion, a PE ratio of 18.16 and a beta of 1.18. The stock’s 50 day moving average is $36.32 and its 200 day moving average is $35.93.

Valvoline (NYSE:VVV) last released its earnings results on Thursday, May 8th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $403.20 million during the quarter, compared to analysts’ expectations of $405.38 million. Valvoline had a return on equity of 106.36% and a net margin of 15.97%. Valvoline’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. Research analysts predict that Valvoline will post 1.63 EPS for the current fiscal year.

Analysts Set New Price Targets

VVV has been the topic of a number of analyst reports. TD Cowen assumed coverage on shares of Valvoline in a research note on Friday, April 4th. They issued a “buy” rating and a $40.00 price target on the stock. Piper Sandler reissued an “overweight” rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Morgan Stanley lowered their price objective on Valvoline from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group upgraded Valvoline from a “hold” rating to a “buy” rating and increased their target price for the company from $40.00 to $45.00 in a research note on Tuesday, June 3rd. Finally, Citigroup decreased their price target on Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.54.

Insider Activity

In other news, CEO Lori Ann Flees purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $33.78 per share, with a total value of $101,340.00. Following the completion of the purchase, the chief executive officer owned 46,614 shares in the company, valued at approximately $1,574,620.92. This represents a 6.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.66% of the company’s stock.

Valvoline Company Profile

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.